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rupert murdoch with tough questions later today, outraged over a string of allegations reporters for the paper hacked mobile phones to get scoops. murdoch's apologized. much more on the story justice ahead on "world business today." one of the first journal itss who exposed phone hacking by "news of the world" has been found dead. sean ward said andy coulson hacked into phones. police are not treating the death as suspicious. >>> a u.s. official says a meeting between the u.s. and libya at the weekend was meant to deliver one message, that moammar gadhafi must go. libya called the face-to-face talks in tunisia a first step. the u.s. says the meeting was a one-off event. >>> the women's world cup team soaked up the limelight after bringing japan its first cup title. japan's the first asian nation with a world cup championship. those are the headlines. auto' jane verjee at cnn in london. "world business today" starts now. >> a very good afternoon to you from cnn hong kong, i'm alicia tank. >> good morning from cnn london. you're watching "world business today." time to testify, new
.k. phone hacking scandal. i'm kiran chetry. in just hours, rupert murdoch will face parliament. we're live in london. >> no break in the debt ceiling talks but the white house insists that backstage progress is being made to reach a deal before the august 2nd default deadline on this "american morning." >>> good morning to you. thank you for being with us. 6:00 a.m. in new york this morning. tuesday, july 19th. i was hearing that in parts of iowa the heat index felt like 130 yesterday. it's been brutal out there. >> even this morning on the east coast, it felt different. it felt hotter. we'll be covering that. >>> we're watching that and millions are watching with a worldwide media empire hanging in the balance rupert murdoch is just hours away from facing his defining moment. in less than four hours, murdoch, his son and former top newspaper executive will appear before the british parliament. >> they will be asked what they knew about this phone hacking scandal that's growing wider by the day. it's threatening to take down news corp and perhaps murdoch himself. >> and the question is wha
finance and criminal allegations, the whirlwinds rocking rupert murdoch's mighty mediame empire. >>> markets in europe are deep in the red on heels of steep markets across asia. how are things moving where you are? >> down, a third session of losses and quite heavy ones. let's check in with the markets. really quite heavy, off by more than 2%, comfortably more than 2%, and with the paris and zurich off by 2.1%, zurich off by more than 2.1% and the same theme as we saw in monday's session which is the banks very heavily being sold at the moment heavily, there is clearing great deal of worry about the contagion spreading to italy about this moving into a generalized crisis with a lot of banks really coming under pressure with non-performing government bonds on their books, and just one other theme, thomas cook is down on a profit warning, but really the whole worry about italy's finances very much putting all of that in state and look at that on the milan stock exchange we're looking at a punishing session off by 4.25%. let's move on to the currency markets not surprisingly we're
-out quarter. >>> media mogul rupert murdoch and his son faced certain questions from uk legislators. now the phone hacking saga rolls on with a new parliamentary report saying murdoch's news international, quote, deliberately tried to obstruct a police investigation into the now defunct "news of the world". in the meantime, prime minister david cameron is getting ready to make an emergency statement on this crisis after flying back early from a trade trip to south africa. >>> many of us here in hong kong watched that testimony and we stayed up pretty late to watch it. rupert murdoch denied any knowledge of phone hacking at the "news of the world," but it was his son james who actually did most of the talking, intervening when his father seemed at a loss for words. it was murdoch's wife wendy who intervened in a very different way. dan rivers has the details for us. >> i would just like to say one sentence. this is the most humble day of my life. >> reporter: this was how rupert murdoch started. despite his apparent contrition, he surely had no idea what was about to literally hit him. wh
on either side of rupert murdoch. the pressure is rising on the media mogul. it was britain's worst peacetime act of terrorism. but now, there are concerns that families of those killed on 7/7, in 2005, were also eavesdropped upon by the british tabloid, "news of the world." graham lost his son, david, in the attack. and says his phone may have been hacked by reporters. >> the thought that somebody may have been listening to me begging for david to phone home. i thought we were in a dark place and i didn't think anybody could make it darker. but i'm proved wrong. >> reporter: the phone hacking scandal is so shocking, it's prompted an emergency debate in britain's parliament. >> it's make the public. and i feel so appalled by what's happened. murder victims, terrorist victims, who had their phones hacked. that's why there's a full police investigation, with all of the powers they need. we have the inquiries to get to the bottom of what went wrong. >> reporter: it's put former "news of the world" editor, rebecca brooks under incredible pressure. he's now chief executive of the parent
on the right with rupert murdoch on the left. she could be questioned by police today. les hinton told investigators in 2007 that the firm hiking was limited to one reporter. news internation nal said that that conclusion was based on an examination of 2,500 e-mails. but the shocking resch lagss continued to pile up and i suppose the rest is history and now media mogul rupert murdoch has flown no to take part in what is just a mench. he's trying to save the takeover of his british sky broadcasting known as b sky b. it does have the backing of news corps. despite that monday's independence says the deal appears, quote, dead in the water, pauline. >> well, charles, let's take a look at how all of this has affected the stock. it's dented news corps shares. it was one of the worst performing stocks on the sydney today, down 5.1%. at the close on this monday, it was selling at 15 aussie dollars. with the deal in question, it could slide even further. charles? >> don has been following this saga and joins us outside the house of commons. dan, what is the mood. is there a mood to stifle this
, july 8th. news corp boss rupert murdoch folds his tabloid. >>> shuttle "atlantis" files up for one final foray. >>> and harry potter fans unite for one last wave of the wand. >>> it's the end of the "news of the world." that shamed british sunday newspaper is shutting down. after this weekend's edition and 168 years of history, the last edition of the "news of the world" will have rolled off the printing presses. >> now, as outrage spread from the public to the politicians and finally to the advertisers, rupert murdoch took decisive action. his son, james, announced the paper would close after this coming weekend and that all the staff would be out of a job. james, of course, is the chairman of news international. he posted his statement online for all to see. the key line in that statement, the news of the world is in the business of holding others to account, but it failed when it came to itself. charles? >> it appears that failure could lead to the arrest of this man. former editor andy coorson. reporting suggest that he is supposed to turn himself over this morning in the phone
that brought down -- that is bringing down parts of rupert murdoch's news empire. i'll get you more on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. b
. >>> media baron rupert murdoch has abandoned his attempt to take over bskyb. it was dropped after all the parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. >>> those are the headlines. those are the headlines in cnn in london. "world business today" starts now. >>> very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm pauline chu and this is "world business today." these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there's a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. >>> meanwhile, italy races to push through austerity measures and restore confidence in the country's economy. >>> plus, rup
. >>> the british government looks to back calls from rupert murdoch to drop his bid for bskyb as phone hacking allegations surrounding his uk newspapers continue to chip away at the value of his entire media empire. >>> china's building boom shows no signs of slowing down much to the dismay of this man who calls this makeshift building his home. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. [ding] announcer: clean kitchen surfaces, utensils, and hands with soapy water. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back. live from rome and hong kong, you're watching "world business today" on cnn. >>> for media tycoon rupert murdoch, the sky may indeed be the limit. we're talking about british sky broadcasting. a downing street source tells c flfrnlthsn the british government will back
international and news corp. news international, the british arm of rupert murdoch's news corp. rebecca brooks, editor of "news of the world" when this phone hacking situation, scandal had happened. and along with andy coulson, she is a close friend of the british prime minister. so now many people are asking questions about whether or not david cameron himself knew what was going on. christine? >> unbelievable. i guess it wasn't good, old-fashioned shoe leather after all for the amazing scoops. stick around and weigh in on this one -- britain's launching a controversial lottery next month that's been dubbed "win a baby." the prize -- not a child but fertility treatment worth about $40,000. critics say this is inappropriate. it is demeaning. but the gambling commission has already okay'd the contest. >> it was announced yesterday that the charity called to hatch announced this lottery, this raffle if you will, for about $35 or $40. you can buy a ticket that will entitle you to some $40,000 worth of fertility treatments. just to give you an idea, though, people who are under the national health
rupert murdoch arrived in london today in a bid to limit damage to the rest of his media empire. >>> and the shuttle "atlantis" arrives at the international space station one last time a short time ago. the astronauts were welcomed aboard by the station's current crew. they have brought along a year's worth of supplies, and it's going to take them about a week to unload all of it. >>> join me for more news at the top of the hour. back to "fareed zakaria: gps" in a moment. >> okay. put your thinking caps on far moment. which continent has six of the world's ten fastest growing economies? which continent is projected to have the world's third largest city by population in just a few years? which continue nen has the world's newest nation? if you picked asia, that's wrong. one more question might help you get the answer. which continent has seven of the top ten failed states in the world? the continent, of course, is africa. that's what i want to talk to my two terrific guests about. nicholas kristof and peter godwin, african-born author and reporter. both are just back from africa
. together those five brands bring in an estimated $3.2 million for the rupert murdoch owned newspaper. pretty significant business on the line. all of this comes as murdoch's own news corporation aims to take over british sky broadcasting. discussions on that have been going on for months. there's also been widespread opposition to that planned takeover. and just yesterday reacting to fresh allegations, the former deputy prime minister lord prescott began calling for the takeover to be blocked. john prescott himself is one of many politicians to have his phone hacked alongside numerous celebrities, stars and aides to the british royal family. as dan rivers reports, even though phone hacking revelations are nothing new, it dates back further than many realized. >> the murder of the 13-year-old schoolgirl milly doward in 2002 appalled britain. last month her killer, lev levi belfield was finally convicted. this is now come up with another inquiry, phone hacking. the scandal relates to the illegal tabloid practice of accessing cell phone messages left for celebrities in order to get stor
listening to them giving her family and friends thoughts that she was still alive. rupert murdoch has not apologized to them and they're pretty upset with the paper's, quote, self-congratulatory" issue. here oh's what the president said on the last day. >> it's really been a great day, a wonderful newspaper. >> now there are accusations that the newspaper also bribed police officers and hacked the phone messages of terrorist victims. >> the u.s. is withholding $800 million to pack stab. its's a smack down for them expelling u.s. military trainers. they hope holding all the money back will create pressure on them. >>> here's fake for you. $47 million. nearly two oust every $10 americans took in last year came from the government in if form of job else benefits, food stamps and social security. when extended benefits go away by the end of this year, some $37 billion won't go into people's accounts and won't go into the economy. time now for reynolds wolf in a atlanta. any flight days? >> not yet but they're sure to come. there are song strom storms coming. possibly major delays for chic
evening here or late afternoon, rupert murdoch put out a statement. he described the paying of the police, and he calls it deplorable and unacceptable. to give perspective to you, suzanne, we're not talking about little newspapers, the news of the world is the biggest selling english newspaper in the world. he has the times of london, and the new york times, and the sun which is britain's biggest selling national newspaper. and in the states, it's the post and fox news and fox channels, and in australia, it's the australian newspaper, and it's the sunday mail. so on and so forth. when one of the prime properties is caught up in such an egregious scandal, that's why this is making news. >> richard, are the advertisers starting to pull out now? >> yes. and this is really fascinating. ford motor company straight out of the bat canceling their ad in news of the world. one or two others, the halifax buildings -- banks savings and loans are dancing around it. but there are a number of advertisers who are wishy washy, and sitting on the fence saying they will wait for the investigation. interest
Search Results 0 to 14 of about 15